Stephen Calk, the former chairman and CEO of The Federal Savings Bank first indicted in 2019, is on trial for charges of financial institution bribery and conspiracy to commit financial institution bribery.Calk allegedly awarded Manafort $16 million in corrupt loans using The Federal Savings Bank as his"personal piggy bank," federal prosecutor Alexandra Rothman alleged in her opening statement Wednesday.
Defense counsel argued Wednesday that Calk didn't know he was doing anything wrong in giving Manafort $16 million in loans, saying it was Manafort who committed fraud by lying about his wealth to get the loans approved. "This is not a sweetheart deal," said Calk's attorney Paul Schoeman.
GI Shmoe
Lock him up!
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